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Back Wave analysis
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Back Wave analysis
EUR/USD Analysis – May 22: Rumors Failed to Support the Euro
The wave pattern on the 4-hour
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The wave pattern on the 4-hour chart for EUR/USD has changed in form. There is still no indication that the upward trend segment (lower chart), which began in January last year, has been canceled, but the trend structure has now taken on a corrective appearance. In the long term, wave C may develop, with its low expected to form below the low of wave A. At the current stage, it is difficult to believe in such a strong decline of
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Chin Zhao,
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Summary
Urgency
Analytic
Alexander Dneprovskiy
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